Before the Covid-19 pandemic hit, renewable energy was growing steadily—but still not fast enough to meet the Paris Agreement’s carbon reduction goals, let alone to make the further strides needed to keep climate change from spiraling out of control. Now, the virus-induced economic shock is likely to slow the expansion of wind, solar, and other clean power sources, at least temporarily, experts say. But while lockdowns, social distancing requirements, and financial uncertainties have put some new projects on ice, the underlying strengths of renewables remain strong, and analysts expect their economic advantage over volatile fossil fuels will only increase in the long term. Whether the pandemic ultimately puts clean energy on a faster track than before, though, depends to a large extent on the choices political leaders make now, analysts say. Which means 2020 is shaping up to be a pivotal moment for renewables—and the world’s hopes of checking warming.
Bulletin of Atomic Scientists 1st June 2020 read more »
More than 200 leading UK companies, investors, and organisations have jointly called for a green coronavirus recovery plan in an open letter today which urges the government to build “a more inclusive, stronger and more resilient” path towards building a net zero emission economy in the wake of the impending recession. A raft of blue chips have added their names to the letter, including Coca-Cola European Partners, BT, BNP Paribas, Aviva, ASDA, HSBC, IKEA, Lloyds Banking Group, National Grid, E.ON, PwC, Severn Trent, Sky, Unilever, Siemens, and Britvic. Others among the 206 signatories to the letter include Environment Agency chair Emma Howard-Boyd, as well as a number of firms working in carbon-intensive sectors, such as BP, Shell, Heathrow Airport, and cement producer CEMEX. Together they are calling for “a clean, just recovery that creates quality employment and builds a more sustainable inclusive and resilient UK economy”, backed by a plan from the government to drive investment in low carbon innovation, infrastructure, and industries.
Business Green 1st June 2020 read more »
Edie 1st June 2020 read more »
Independent 2nd June 2020 read more »
Guardian 1st June 2020 read more »